Chile lowers rates

Chile lowers rates

Chile Economy & Policy Corporate & Sovereign Strategy

Chile's central bank has lowered interest rates by 0.25% to 3% as inflation fell in line with expectations and commodity prices decreased.Inflation came to 2.7%, inside the target range of 1% to 3%, but it will likely stay "in the lower part of the tolerance range," the bank said in a statement.Economic activity and demand are still sluggish, but the unemployment rate remains stable. If the current trends persist, the central bank said it could raise rates. Global financial conditions remai

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